Why Would Funds Be Late?
Possible causes:
- Wire delay
- Bank hold
- International transfer
- Wrong amount
- Documentation issue
- Last-minute lender change
- Fraud concern
Don't Wait Until the Deadline
If you know you need to move significant funds, ask early about:
- Approved transfer method
- Timing
- Bank limits
- Verification process
Never Sacrifice Security for Speed
If someone says:
"The wire is late. Just use these new instructions immediately,"
stop and verify. A delayed closing is better than losing the entire down payment.
Never change wiring instructions based on an email, a text, or a phone call without independently verifying them through the closing company's known, verified channel. See the real estate wire fraud guide and why last-minute wiring changes are a red flag.
Seller Perspective
A seller may have a moving truck, a new purchase, or a same-day closing depending on buyer funds.
Lisa helps communicate delays and potential solutions.
Buyer Perspective
If funds are delayed, tell escrow, Lisa and your lender immediately.
